CFTC Chair: Crypto Spot Market Regulation a 'Big Step for Us'

CFTC chair Rostin Behnam said crypto spot market regulation a "big step for us". He is continuing a broad push to expand the regulator’s authority in crypto. "This is a big step for us," said Behnam before the Institute of International Finance on Thursday. "But I've made the case, and the argument is, unlike traditional commodity markets, which are largely institutional and wholesale markets, we've seen commodity digital markets emerge that are retail oriented and speculative."